Hotel rooms go on block
Buchinsky Group puts three hospitality properties under the hammer
JULIUS Buchinsky Group has carved itself a niche in the specialist field of auctioning sectional title investment properties in the hospitality market.
T h r e e i nve s t o r s h ave recently mandated the company to auction their hotel and l e i s u r e i n c o me - g e n e r a t i n g properties in Cape Town.
The first auction will be for a two-bedroom, two-bathroom 74m² sectional title hotel room unit in the four-star Leisure Bay Hotel & Suite development on Milnerton beach.
The unit, which is self-catering, is beautifully furnished and fitted, and is located on the ground floor overlooking the pool, beach and Table Mountain.
The hotel is managed by the renowned Relais group and the auction will take place on site on Wednesday, August 26 at 11.30am.
The second auction will be for a fully furnished hotel room unit in the Hollow on the Square Hotel, which is located in the heart of the Cape Town CBD.
The unit forms part of the hotel rental pool and provides for 30 days’ free usage. It offers good returns to an investor and has excellent capital growth potential.
The auction will be held on site on Wednesday, September 2 at 11.30am.
The third auction, ideally suited to local and inter national investors, is for a furnished three-bedroom selfcatering suite in the recently c o m p l e t e d f ive - s t a r C a p e Royale Hotel & Private Residence Club.
It offers state-of-the-art facilities and the suite can be used as the owner/investor’s permanent or temporary accommodation with parking and full hotel amenities on site.
It can also be placed in the hotel’s rental pool if residency is not required. This luxurious suite overlooks the V&A Waterfront, Table Bay, Robben Island and the new Green Point stadium. It is regarded by many as one of the best property locations in South Africa. The auction will take place on site on T h u r s d ay, S e p t e mb e r 3 , a t 11.30am.
For more information, contact Julius Buchinsky Group on 021 415 7320 or visit www.juliusbuchinsky.com.
LAP OF LUXURY: Julius Buchinsky Group assists hospitality trade with property auctions.